Looking to expand your buy to let investments? As an experienced buy to let mortgage advisor, BM14 Finance helps landlords and investors across the UK find the right mortgage for their next rental property.
A buy to let mortgage is a loan designed for people who want to buy a property to rent out, not to live in themselves. Lenders look at this type of mortgage a bit differently to a normal residential one, they focus more on the rental income the property can generate rather than just your personal salary, and the deposit required is usually higher too.
BM14 Finance is one of the best buy to let mortgage companies in the UK, London, Hemstead, Kent, and we’re here to make the process simple for you. We cover everything from buy to let tax advice to working out buy to let mortgage deposits, and helping you understand what makes a good buy to let property from an investment point of view. Before you apply, you can use our buy to let mortgage calculator to get a quick estimate of your likely borrowing and repayments. Our advisers walk you through each step so you know exactly where you stand before making any decisions.
Age: Most lenders ask for a minimum age of 21, and many set an upper age limit for when the mortgage term ends.
Deposit: You’ll need a deposit of at least 20-25% of the property value, sometimes more depending on the lender.
Income: Many lenders want to see a minimum personal income on top of the expected rental income, usually around £25,000 a year.
Credit History: A clean credit history helps, though some lenders will still consider applicants with minor credit issues.
Rental Income: The expected rent usually needs to cover 125-145% of the mortgage payment, depending on the lender’s criteria.
Tax Implications: Rental income is taxable, and rules around mortgage interest relief can affect your overall return, so it’s worth planning ahead.
Term of the Loan: Buy to let mortgages are commonly taken on an interest-only basis, with terms ranging from 5 to 35 years.
We provide independent advice tailored to your investment strategy. With access to a wide panel of lenders, we help you choose a mortgage that supports your rental income and long-term plans.
Most people who already own a home, have a good credit history, and can meet the deposit and income requirements are able to get a buy to let mortgage. First, discuss your situation with BM14 Finance, then we will give you the right advice and best available options for you.
You'll need to have your finances in order like deposit, credit history, and proof of income and then apply through a lender or broker (BM14 Finance) who checks your eligibility and everything.
A buy to let property is any home or flat bought specifically to rent out to tenants rather than to live in yourself.
It depends on your goals, the current market, and how the property is performing financially, there's no single right answer for everyone. That’s why we are here for you. Discuss your situation with BM14 Finance and we will give you the right advice.
Most lenders ask for a deposit of 20-25% of the property's value, though this can vary based on your circumstances. Talk to BM14 Finance about your situation first, and we'll point you toward the right advice and best options available for you.
